Financial Performance of Axis Bank
Retail Banking & Evaluation of Financial Performance of Axis Bank
(Summer Internship Report)
From 30th June To 10th August
Submitted to: Submitted by:Training Supervisor: Ashish Jain Shridhonkar Mr. Nishpap PGDM (07-09)
~2~
Sales Manager (07-II711) Axis Bank Limited, Gwalior
ACKNOWLEDGEMENT
Summer training is one of the most vital and active part of the curriculum of management students. Its basic idea behind this is to strengthen the student’s concept through practical training and make them acquainted with actual method and procedures. I did the work as a management trainee at AX IS Ba nk Limit ed for a period of six weeks starting from 30th June, 2008. I would like to extend my heartfelt gratitude to Mr. Nishp ap Sh ri dho nk ar Branch Sales Manager, for her proper guidance throughout the project. Without her support and cooperation I would have failed in my endeavors and targets in the summer training. I would also like to thank my Senior Placement Executive Prof . P. N. Rath who helped me a lot in my project.
~3~
EXECUTIVE SUMMARY
The financial year 2007-08 will be remembered as a year of transformation in the history of the Bank, when the na me of the Ba nk cha ng ed to Ax is Ban k fro m UTI Bank . The conviction that it was worthwhile to invest in building a brand that would solely be our own, he lpe d to crea te a disti nct id entity . The name Axis Bank connotes solidity and transcends geographical boundaries as we seek to become a multinational bank. The Bank was successful in establishing a new identity in the market in a short span of time. The Bank once again met with considerable success over the past year and achieved all its key objectives. This encouraging performance not only underscored the sust ain ability of the Ba nk ' s high te mpo of gro wth , but also helped to move closer to its objective of being one of the mo re cu stom er -fo cu se d ba nk s in the cou ntr y. This is reflected in the robust growth in both
(Summer Internship Report)
From 30th June To 10th August
Submitted to: Submitted by:Training Supervisor: Ashish Jain Shridhonkar Mr. Nishpap PGDM (07-09)
~2~
Sales Manager (07-II711) Axis Bank Limited, Gwalior
ACKNOWLEDGEMENT
Summer training is one of the most vital and active part of the curriculum of management students. Its basic idea behind this is to strengthen the student’s concept through practical training and make them acquainted with actual method and procedures. I did the work as a management trainee at AX IS Ba nk Limit ed for a period of six weeks starting from 30th June, 2008. I would like to extend my heartfelt gratitude to Mr. Nishp ap Sh ri dho nk ar Branch Sales Manager, for her proper guidance throughout the project. Without her support and cooperation I would have failed in my endeavors and targets in the summer training. I would also like to thank my Senior Placement Executive Prof . P. N. Rath who helped me a lot in my project.
~3~
EXECUTIVE SUMMARY
The financial year 2007-08 will be remembered as a year of transformation in the history of the Bank, when the na me of the Ba nk cha ng ed to Ax is Ban k fro m UTI Bank . The conviction that it was worthwhile to invest in building a brand that would solely be our own, he lpe d to crea te a disti nct id entity . The name Axis Bank connotes solidity and transcends geographical boundaries as we seek to become a multinational bank. The Bank was successful in establishing a new identity in the market in a short span of time. The Bank once again met with considerable success over the past year and achieved all its key objectives. This encouraging performance not only underscored the sust ain ability of the Ba nk ' s high te mpo of gro wth , but also helped to move closer to its objective of being one of the mo re cu stom er -fo cu se d ba nk s in the cou ntr y. This is reflected in the robust growth in both
References: Books ✔ Dr. I.M. Pandey- Financial Management, Vikas Publication Delhi ✔ M.Y. Khan P.K. Jain- Financial Management , Tata Mc Graw Hill Publishing company Limited, New Delhi ~ 109 ~ Websites ✔ ✔ ✔ ✔ www.axisbank.com www.infinancials.com www.google.com www.axisbank.com/xmlapplication/aboutus/financials/images/AnnualReport-2007.pdf